You don’t always hear good things about Bitcoins these days; and the one or other negative headline can be read in the media. But there are always two sides of the same coin. Our Applied FinTech finalist Bit2Me says about their business model: “Buying and selling Bitcoins was never that easy.” In our interview, CEO Leif Ferreira tells us how exactly his startup does that and does away with prejudices.
What is Bit2Me all about? How did you come up with the idea?
Leif: Bit2Me is a company based in Spain. The company was founded in 2015 and is focused on Blockchain technology. We have two of the best Blockchain programmers of Europe, who have won the Visa Fintech Americas world championship in October 2015. Also one of the largest banks in the world, CaixaBank has awarded us as the best 2015 startup in Spain. One year ago, our internal question was, can we do banking with locals, rather than traditional banks? Can a bank be a tool and not a service? There are countries where it’s more expensive to maintain a bank account yearly than a smartphone with internet. So in this line we detected how to do banking without banks, without middlemen companies with the user in the centre. We call this the natural evolution of banking. It’s a different perspective of design.
“Digital Disruption“ – that’s the motto of this year’s CODE_n CONTEST. What makes your solution innovative, what makes it disruptive?
Leif: Hive is a mobile application that provides a disruptive way to decentralize the financial market. It builds a social and open banking ecosystem that never touches people’s money. It allows them to organize themselves in order to create a peer to peer financial human network. More…